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Tag: Price Correction

There’s no shortage of bloggers’ opinions on trends in Bitcoin (or any crypto) prices. I am a fan of Mark E Jeftovic’s Guerrilla Capitalism blog. His post from Feb 7, 2018 about Bitcoin’s “Trough of Disillusionment” I found well researched, comprehensible, and highly enlightening.

It discusses the pattern of Bitcoin’s seemingly wild and allegedly “unpredictable” price fluctuations. The author’s thesis is that these fluctuations are not “unpredictable” at all, and in fact follow a fairly established pattern known as the “Hype Cycle” which can be depicted as:

This analysis helps clarify the price movements and (I think) provides comfort that things are not spinning out of control, they are just following a natural course of behavior. And to continue to hold on for the Slope of Enlightenment to reach the desired destination: Plateau of Productivity.